Friday, July 28, 2017

Here are the Top 23 African Cities with the Highest Number of Billionaires

Africa
is indeed producing more millionaires, as the number of millionaires
are increasing dramatically judging by the latest report by AfraAsia
Bank.

File photo: Lekki, Lagos, Nigeria

AfraAsia Bank's Africa Wealth Report 2017 has made a comparison of
23 African cities with the highest number of billionaires as at the year
2016.

In the list of 23 countries, Lagos, Nigeria's former capital came
4th, only topped by two South-African cities; Johannesburg and Cape Town
as well as the Egyptian city of Cairo.

Here is the list of cities and the number of multi-millionaires they have respectively:

1. Johannesburg (incl. Sandton) - 970

2. Cairo - 480

3. Cape Town - 440

4. Lagos - 360

5. Nairobi - 280

6. Luanda - 240

7. Durban (incl. Umhlanga) - 130

8. Pretoria - 110

9. Casablanca - 110

10. Accra - 100

11. Abidjan - 90

12. Algiers - 90

13. Alexandria - 110

14. Windhoek - 60

15. Dar Es Salaam - 50

16. Gaborone - 50

17. Mombasa - 40

18. Abuja - 40

19. Addis Ababa - 40

20. Kampala - 40

21. Maputo - 40

22. Lusaka - 30

23. Marrakesh - 30

With no other Nigerian cities listed, the nation’s commercial
nerve-centre automatically clinches the wealthiest spot among Nigerian
major cities.

The report is the result of New World Wealth’s extensive research
covering the wealth market in Africa which report covers wealth, luxury,
prime property, collectable and wealth management trends on the
continent from 2006 to 2016, with projections to 2026.